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CIBC Names Nesbitt as Chief Operating Officer

By

Carolyn King

June 11, 2013 3:34 p.m. ET

TORONTO--Canadian Imperial Bank of Commerce said Tuesday that it has given Richard Nesbitt, who heads several of its key operations, the title of chief operating officer to reflect his leadership role and key responsibilities at the Toronto-based bank.

CIBC, Canada's fifth-largest lender by assets, said the change is effective immediately and has no impact on Mr. Nesbitt's responsibilities, which include wholesale banking,...